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==How does Income relate to the {{software}}?== | ==How does Income relate to the {{software}}?== | ||
In the {{software}}, income refers to the incoming money flow per stakeholder and therby enhancing the [[budget]] of a stakeholder. The start budget of a | In the {{software}}, income refers to the incoming money flow per stakeholder and therby enhancing the [[budget]] of a stakeholder. The start budget of a user at the beginning of a level is also seen as income. During a session, a stakeholder can try to change its financial status using various methods. Income can be generated from the following sources: | ||
===Types of Income=== | ===Types of Income=== | ||
Revision as of 07:36, 23 September 2020
What is Income?
Incomes are the revenues or received money of a stakeholder and is expressed in the currency active in a session. Income can be increased by certain actions such as selling houses or land, but also by loaning money to other stakeholders.
How does Income relate to the Tygron Platform?
In the Tygron Platform, income refers to the incoming money flow per stakeholder and therby enhancing the budget of a stakeholder. The start budget of a user at the beginning of a level is also seen as income. During a session, a stakeholder can try to change its financial status using various methods. Income can be generated from the following sources:
Types of Income
The platform distinguishes a wide variety of different types of income:
Income from constructions (rent)
- When a construction, such as an apartment block, is finished, the object will generate income for the owner. In order to calculate rental income, the total rent over an object during it's economical life span is added to the budget of the owner upon completion of the construction.
Land price when selling
- Selling an object will generate income in the form of sales income. Even extreme low price settings will generate income. This does not mean that the income generates profit automatically, as that depends on prior costs before the transaction. For example, selling a piece of land for a low price of 1 Euro per square meter, when previously a construction was demolished there for 10.000 Euro per square meter, will generate income, however, there will be a negative profit margin (loss) left over after the sale.
Subsidies
- Subsidies are a form of income where one party grants a sum of money to another party, often with special conditions. A municipality can grant a subsidy to a project developer for a certain project, under condition that the developer uses the subsidy to construct extra green roofs, parking lots, water storage, etc. Subsidies are considered regular income in the Tygron Platform.
(Bank) Loans
- A special form of income are (bank) loans. According to the definition, loans do increase the budget (= monetary consumption ability) available for the borrowing stakeholder. However, loans are subtracted from the lenders capital. In case the stakeholder has a bigger loan that actual capital, the stakeholder will not be able to score at all (in the total score). It is also worth considering that borrowing money costs money (interest), which is a cost (See also Interest (loan costs))
Money Transfers from other Stakeholders
- It is possible to receive a money transfer from other stakeholders. This can happen, for example, as part of the negotiation process; one stakeholder performs an action that also positively affects an indicator for another stakeholder. The acting stakeholder can receive a money transfer as contribution from the affected stakeholder.
How-to's
- How to adjust Income generated by constructing
- How to adjust Land price when selling
- How to adjust Subsidies
- How to adjust the amount of (Bank) Loans
- How to adjust the amount of Transfered Money